In a pivotal step toward transforming its hospitality portfolio, ITC Ltd. has bolstered its holdings in luxury hotel players EIH and HLV. The current plan was to demerge its hotel business, paving the way for ITC Hotels Ltd., a new entity managing over 140 luxury properties. ITC Strengthens Hold in EIH and HLV ITC has …
Indowind Energy Limited, a leading renewable energy company, has approved a rights issue worth up to ₹50 crore to support its growth initiatives. This decision, made during a board meeting held on December 18, aims to fund the company’s ongoing and upcoming expansion projects. With a focus on expanding its footprint both domestically and internationally, …
Yasho Industries Ltd, a prominent Mumbai-based manufacturer of performance chemicals, has announced a major fundraising initiative. The company’s Board of Directors has approved a preferential equity issuance worth ₹125 crore, reflecting its strategic efforts to expand its operations and attract institutional investors. Since 1993, Yasho has been producing specialty chemicals for diverse industries, including rubber, …
Zydus Lifesciences Limited has marked another achievement with the USFDA’s final approval for its Lidocaine and Prilocaine Cream USP, 2.5%/2.5%. This topical anaesthetic is used for local analgesia on intact skin and genital mucous membranes. This development reflects Zydus’ commitment to expanding its portfolio in the global healthcare sector. At 12:50 PM on December 19, …
Veefin Solutions informed the stock exchanges that Veefin Group of Companies has successfully raised ₹136 crore (~$11.5 million USD) in its recent funding round. This capital, secured from long-standing investors, will be used to drive the company’s product growth and market expansion. The funding will enable Veefin to further enhance its technology offerings and solidify …
Nazara Technologies Limited announced that the company’s material subsidiary announced the acquisition of AFK Gaming Pvt. Ltd, a renowned gaming and esports media company. This strategic move strengthens NODWIN Gaming’s capabilities in content production, distribution, and marketing services, further establishing it as a comprehensive solution provider for esports and gaming-related marketing activities. The acquisition also …
In a significant stride towards digital transformation, Prism Johnson Limited, a key player in India’s integrated building materials industry, has successfully implemented the Ramco ERP Suite for its Cement Division. The implementation marks a turning point in the company’s operations, aligning with its vision for enhanced efficiency and agility. Comprehensive ERP Suite Implementation The Ramco …
Major pharma companies like Cipla, Lupin and Dr Reddy’s share price saw gains of 1-4% on December 19, standing out in a generally weak market. Other pharma stocks, such as Laurus Labs, JB Pharma, Ipca Labs, Aurobindo Pharma, Abbott India, Natco Pharma, and Glenmark, also rose by 1-5%. These broad-based gains helped lift the Nifty …
Shares of Bharat Seats, Linc, Mega Corp, and Sacheta Metals will be in focus as they go ex-date on December 20, 2024, following announcements of dividends, rights issues, and bonus issues. What is Ex-Date? The ex-date marks when a stock begins trading without eligibility for benefits such as dividends, bonus shares, or rights issues. Investors …
Mobikwik shares have delivered remarkable gains since their listing, rising 116.8% from the issue price of ₹279 within just 2 days. On Thursday, December 19, the stock surged another 14%, reaching a new high of ₹605. This comes after a massive 90% jump on its listing day when it closed at ₹530.30 on the BSE. …
